Energy Market terms starting with O

6 terms

1. Off-Peak The period of low energy demand, as opposed to maximum, or peak, demand.
2. On-Peak A block of (usually 16) hours in each week-day when demand is at its peak. On-peak definitions for physical electricity vary by North America Electric…
3. Open Access The ability to send or wheel electric power to a customer over a transmission and distribution system that is not owned by the power generator (seller).
4. Open outcry When exchange-based commodities traders shout out their buy and sell orders or use a combination of words and hand signals to negotiate an order, it's…
5. Operating reserves That capability above firm system demand required to provide for regulation, load forecasting error, equipment forced and scheduled outages, and local…
6. Outage A discontinuance of electric power supply.